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Posthaste: Nearly half of Canadians say they are $200 away from insolvency

Photo: Postmedia Network

Yadullah Hussain

Published: April 22, 2019 - 8:41 AM

Good morning!

Oil prices spiked 3 per cent after reports that the United States will warn buyers of Iranian oil to end imports soon or face sanctions. Rogers CEO Joe Natale warns that the next 24 months are crucial for the country’s digital industry and urged the government to incentivize spending on 5G networks. Canada’s portfolio of international assets, including airports and roads owned by pension funds, is helping to protect the country’s top credit rating, according to Fitch Ratings. Markets remain subdued as the Easter holiday weekend continues in many countries.

Export Promotion Minister Mary Ng makes an announcement and takes part in a panel discussion in Toronto

Former B.C. minister of health and current cannabis company executive Terry Lake delivers the keynote address at a Surrey Board of Trade event examining the impact of marijuana legislation in Surrey, B.C.

Very interesting research from Financial Post columnists Stephen Moranis and Murtaza Haider on the impact of a real estate slowdown on the wealth of Canadian immigrants. Property appreciation has been a key driver of wealth generation for immigrants and helped them narrow the wealth gap with their Canadian-born compatriots. But it has also led to higher levels of indebtedness among immigrants compared to the average Canadian. Also, with real estate slowing down, may be it’s time for immigrants to diversify their investment thesis and look at RRSPs, TFSAs?

Are you heavily invested in real estate, and are you actively looking at other investment classes? What’s your investment strategy over the next 10 years. Send your ideas, comments and news to Pam Heaven at pheaven@postmedia.com — @pamheaven